Pinewood Estates Market Update

The Cedar City Real Estate Market has a few subdivisions that are very small as far as the number of homes within the subdivision. The Pinewood Estates subdivision is one of those small subdivisions. It is a subdivision which is comprised mostly of Manufactured homes and honestly consists of 6 homes. There is one lot that is still vacant.

Pinewood Estates is located on the south east side of Cedar City. This is a subdivision that dates back to the early 1980’s, it has been a very stable subdivision, nothing is listed for sale in our Multiple Listing Service nor has anything sold in the recent past in this subdivision.

Market Update 1/31/2012: There are currently no homes listed in the Multiple Listing Service. In the past year there has been 1 home sell. It sold for $72,000. There are currently no lots listed for sale. This really has been a great subdivision for first time buyers, it is quiet and really stable area.